Reverse Split of Pionex KAVA2S, BCH2S, ETC1S Leveraged Tokens

Dear Users,

To provide a better trading experience for our users, KAVA2S, BCH2S, ETC1S will undergo a 1-for-100 reverse token split starting at 08:00 on December 3rd, 2024 (UTC). The process will take approximately 30 minutes, and the total asset value of KAVA2S, BCH2S, ETC1S, and a user hold will not be affected by the reverse split.

After the 1-for-100 reverse:

100 KAVA2S, BCH2S, ETC1S (before the reverse split) = 1 KAVA2S, BCH2S, ETC1S (after the reverse split)

During the reverse split period:

1. All existing bot trading orders and manual orders trading on KAVA2S, BCH2S, ETC1S will be canceled automatically. All the USDT and KAVA2S, BCH2S, ETC1S frozen by trading bots will be returned to users' primary account directly.

2. Tradings on KAVA2S, BCH2S, ETC1S and KAVA2L, BCH2L, ETC1L will be suspended.

3. We will then take a snapshot of KAVA2S, BCH2S, ETC1S balances in users' accounts and begin the reverse token split of KAVA2S, BCH2S, ETC1S tokens at a ratio of 100 KAVA2S, BCH2S, ETC1S (before the reverse split) = 1 KAVA2S, BCH2S, ETC1S (after the reverse split).

4. The balances of the KAVA2S, BCH2S, ETC1S will be updated, and the tradings for KAVA2S, BCH2S, ETC1S and KAVA2L, BCH2L, ETC1L will be opened at this time. Please check the KAVA2S, BCH2S, ETC1S assets in the "Primary Account" after the reverse split.

About the reverse split of the Pionex Leveraged Token:

1. When the leveraged token price is less than 0.1 USDT, to avoid having any adverse effect on users' trading experience, Pionex might undergo a reverse token split on that leveraged token. The price that triggers the reverse token split might vary depending on the market condition.

2. A reverse split of leveraged tokens refers to reducing the issued quantity of leveraged tokens proportionally while simultaneously increasing the nominal value of these tokens.

3. Based on the ratio of the 1-for-100 reverse split of KAVA2S, if the price of KAVA2S is 0.05 USDT and a user holds 100 KAVA2S before the reverse split, the user will end up holding 1 KAVA2S worth 5 USDT each after the reverse split. The total value of the KAVA2S holding by the user will not change and will remain at 5 USDT before or after the reverse split.

Risk Warning:

Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will make its best efforts to choose high-quality assets, Pionex cannot assure any profit and will not be responsible for your trading loss.

Thanks for your support.